INDIAN COMMUNITY CENTRE RAWDON STREET, NORMANTON, DERBY REGISTERED CHARITY NUMBER 516683
FINANCIAL ACCOUNTS
FOR THE YEAR ENDED
31 March 2022
MAP BUSINESS SERVICES 23 HALL ROAD, UTTOXETER, STAFFS, ST14 7PN
INDIAN COMMUNITY CENTRE
| Index to the Financial Accounts | |
|---|---|
| for the Year Ended 31 March 2022 | |
| Page | |
| Annual Report | 1 |
| Statement of Trustees Responsibilities | 2 |
| Independent Examiners' Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 & 7 |
INDIAN COMMUNITY CENTRE
Annual Report
for the Year Ended 31 March 2022
The Management Committee present their Report for the year ended 31 March 2022
The current members of the Management Committee are as follows:-
Balbir Singh Sandhu Chairman Jaswant Singh Rai Vice Chairman Daljit Singh Vice Chairman (deceased 23 February 2022) Sarjit Singh Basi General Secretary Baldev Singh Punni Assistant Secretary Santokh Singh Treasurer Manjit Singh Bola Building In-Charge Karnail Singh Building In-Charge Anna Gautma Committee Member Ajaib Singh Bassi Committee Member Amarjit Singh Heer Committee Member Davinder Singh Bhullar Committee Member Jagtar Singh Committee Member Palwinder Singh Bassi Committee Member Gurnaik Kaur Committee Member
The management committee consists of 17 elected members: elections are held bi-annually. The present committee was elected unapposed on Due to Covid there were no elections in 2021 or 2022. Elections will be held in August 2022.
The Indian Community Centre Association is a registered charity with the Charity Commission No. 516683. The charity is based at the Indian Community Centre, Rawdon Street, Derby, DE23 6QR.
Page 1
INDIAN COMMUNITY CENTRE
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Law applicable to charities in England and Wales requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing those financial accounts the trustees are required to:
-
select suitable accounting policies and then apply them consistently.
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make judgements and estimates that are reasonable and prudent.
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state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial accounts.
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prepare the financial accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial accounts comply with the Charities Act 1993. The are also
responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
………………………………………………………..
Trustee On behalf of the Management Committee Date …………………………...
Page 2
INDIAN COMMUNITY CENTRE
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF INDIAN COMMUNITY CENTRE
I report on the accounts of the Trust for the year ended 31 March 2022 which are set out of pages 4 to 7
Respective responsibilities of trustees and examiners
As the charity's trustees you are responsible for the preparation of the accounts: you consider that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directors given by the Charity Commissioners under Section 43(7)(b) of the Act, whether particular matters have come to my attention.
Basis of independent examiners' report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in material respects the requirements
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to keep accounting records in accordance with Section 41 of the Act.
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to prepare accounts which accord with the accounting records and to comply with the requirements of the Act
have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
………………………………………………… MAP Business Services 23 Hall Road Uttoxeter Staffordshire ST14 7PN
Page 3
INDIAN COMMUNITY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2022
| Note Income Resources Donations received Passport Centre income Grants receivable 6 Job Retention Scheme Rent Received Bar takings 5 Total Incoming Resources Payments Food bank Accountancy Water charges Rates Energy costs Telephone Printing, postage and stationery Repairs, renewals and maintenance Insurances Bank charges and interest Staff Pension Trade refuse Cleaning expenses Sundry expenses Depreciation Bar purchases Safety & Security expenses Bar services Door security Equipment Hire Licences Other expenditure Management and administration of the charity 4 Total Resources Expended Net (Outgoing) Resources for the year being net movement in funds Balances brought forward Restricted Funds Capital Spending Balances carried forward |
Unrestricted Funds £ - - - 180 4324 32075 1610 |
Restricted Funds £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total 2022 £ - - - 180 4324 32075 1610 38189 1045 905 2525 439 2327 345 377 4500 1992 179 130 2331 4490 1811 941 1039 2733 300 1239 412 587 30647 10578 41225 -2584 389242 - 386658 |
Total 2021 £ 2700 - 3024 12311 11812 - - |
|---|---|---|---|---|
| 38189 1045 905 2525 439 2327 345 377 4048 1992 179 130 2331 4490 1811 941 1039 2733 300 1239 412 587 30195 10578 40773 -2584 385796 - 383212 |
29847 | |||
| 0 800 0 0 2727 934 364 4500 1047 90 123 954 0 256 1120 0 767 - - 647 335 |
||||
| 14664 11737 |
||||
| 26401 | ||||
| 3446 385796 - 389242 |
INDIAN COMMUNITY CENTRE
BALANCE SHEET
| AT Note FIXED ASSETS: Tangible assets 2 CURRENT ASSETS: Stock (bar) Cash at bank and in hand Debtors & Prepayments Accrued Income CURRENT LIABILITIES Creditors and accruals NET CURRENT ASSETS: NET ASSETS FUNDS Unrestricted Restricted Shareholders funds |
31 March 2022 2 0 2 2 £ £ 379,329 350 10,645 0 0 10,995 3,666 3,666 7,329 386,658 386,658 - 386,658 |
2 0 2 1 £ £ 337,967 475 39,016 15,000 800 55,291 4,016 4,016 51,275 389,242 389,242 - 389,242 |
2 0 2 1 £ £ 337,967 475 39,016 15,000 800 55,291 4,016 4,016 51,275 389,242 389,242 - 389,242 |
|---|---|---|---|
| 389,242 | |||
| 389,242 - |
|||
| 389,242 |
Signed on behalf of the Charity Trustees by the Management Committee
………………………………………………………… Balbir Singh Sandhu (Chairman) ………………………………………………………… Sarjit Singh Basi (General Secretary) ………………………………………………………… Santokh Singh (Treasurer)
Date …………………………………………………..
Page 5
INDIAN COMMUNITY CENTRE
NOTES TO THE ACCOUNTS FOR
FOR THE YEAR ENDED 31 March 2022
1 ACCOUNTING POLICIES
General
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.
Depreciation
Depreciation is provided on the fixtures and equipment and freehold property at the following rates based on their estimated useful life of these fixed assets:-
Fixtures and equipment 15% on reducing balance Office equipment 20% on reducing balance
2 FIXED ASSETS
| COST At:1 April 2021 Additions Disposals At:31 March 2022 DEPRECIATION At:1 April 2021 Charge for period At:31 March 2022 NET BOOK VALUE At:31 March 2022 At:31 MARCH 2021 |
Improvements Fixtures and to Property Equipment £ £ 27318 109305 42303 - 69621 109305 - 104215 - 941 - 105156 69621 4149 27318 5090 |
Office Equipment £ 53773 53773 52884 - 52884 889 889 |
Freehold Property £ 365306 365306 60636 - 60636 304670 304670 |
Total £ 555702 42303 |
|---|---|---|---|---|
| 598005 | ||||
| 217735 941 218676 |
||||
| 379329 | ||||
| 337967 |
No depreciation has been charged on freehold property as in the opinion of the committee the value of the freehold property is in excess of what is shown in the accounts.
3 SUMMARY OF NET ASSETS BY FUNDS
| Fixed assets Net Current Assets |
Unrestricted Restricted Funds Funds £ £ 379329 - 7329 - 386658 - Page 6 |
Total 2 0 2 2 £ 379329 7329 386658 |
Total 2 0 2 1 £ 337967 51275 |
|---|---|---|---|
| 389242 | |||
INDIAN COMMUNITY CENTRE
NOTES TO THE ACCOUNTS FOR
FOR THE YEAR ENDED 31 March 2022
4 MANAGEMENT AND ADMINISTRATION OF THE CHARITY
| UnrestricteRestricted Total Total Funds Funds 2 0 2 2 2 0 2 1 £ £ £ £ Wages and national insurance 10578 10578 11737 10578 10578 11737 BAR ACCOUNT 2 0 2 2 2 0 2 1 £ £ £ £ Takings 1610 0 Less: Cost of Sales Opening stock 475 475 Purchases 1039 0 Closing stock 325 475 0 1189 Gross profit 421 0 26% 0% GRANTS RECEIVED 2 0 2 1 2 0 2 0 £ £ Covid Business Grant 4324 12311 Derby co community trust 180 - 4504 12311 |
UnrestricteRestricted Total Total Funds Funds 2 0 2 2 2 0 2 1 £ £ £ £ Wages and national insurance 10578 10578 11737 10578 10578 11737 BAR ACCOUNT 2 0 2 2 2 0 2 1 £ £ £ £ Takings 1610 0 Less: Cost of Sales Opening stock 475 475 Purchases 1039 0 Closing stock 325 475 0 1189 Gross profit 421 0 26% 0% GRANTS RECEIVED 2 0 2 1 2 0 2 0 £ £ Covid Business Grant 4324 12311 Derby co community trust 180 - 4504 12311 |
UnrestricteRestricted Total Total Funds Funds 2 0 2 2 2 0 2 1 £ £ £ £ Wages and national insurance 10578 10578 11737 10578 10578 11737 BAR ACCOUNT 2 0 2 2 2 0 2 1 £ £ £ £ Takings 1610 0 Less: Cost of Sales Opening stock 475 475 Purchases 1039 0 Closing stock 325 475 0 1189 Gross profit 421 0 26% 0% GRANTS RECEIVED 2 0 2 1 2 0 2 0 £ £ Covid Business Grant 4324 12311 Derby co community trust 180 - 4504 12311 |
UnrestricteRestricted Total Total Funds Funds 2 0 2 2 2 0 2 1 £ £ £ £ Wages and national insurance 10578 10578 11737 10578 10578 11737 BAR ACCOUNT 2 0 2 2 2 0 2 1 £ £ £ £ Takings 1610 0 Less: Cost of Sales Opening stock 475 475 Purchases 1039 0 Closing stock 325 475 0 1189 Gross profit 421 0 26% 0% GRANTS RECEIVED 2 0 2 1 2 0 2 0 £ £ Covid Business Grant 4324 12311 Derby co community trust 180 - 4504 12311 |
|---|---|---|---|
| 10578 | 10578 11737 |
||
| 2 0 2 2 2 0 2 1 £ £ £ £ 1610 0 475 475 1039 0 325 475 0 1189 421 0 26% 0% 2 0 2 1 2 0 2 0 £ £ 4324 12311 180 - 4504 12311 |
|||
| 0 | |||
| 0% | |||
| 2 0 2 0 £ 12311 - |
|||
| 12311 |
5 BAR ACCOUNT
6 GRANTS RECEIVED
Page 7